Kola Nut Market Overview in Indonesia
In value terms, kola nut production soared to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
In 2019, the average yield of kola nuts in Indonesia stood at kg per ha, standing approx. at 2018. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The kola nut harvested area in Indonesia amounted to ha in 2019, stabilizing at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.
The size of the kola nut market in Indonesia skyrocketed to $ in 2018, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2018, the growth of the market remained at a somewhat lower figure.